Netflix to Purchase Warner Bros. After Winning Bidding War
58 minutes ago
Wednesday, February 10, 2010
Lost creator J.J. Abrams, who directed Mission: Impossible III, will also co-produce, and he and Tom are currently looking for a director. Brad Grey, an executive at Paramount Studios, said: "Tom and J.J. are great talents and we are excited to be working with them to re-launch this legendary franchise."
The script for the film will be written by Josh Appelbaum and Andre Nemec, based on an idea developed by Tom and J.J. -- and the studio has set an ambitious initial release date of May 2011.
Paramount initially terminated Tom's contract with them after 2006's Mission: Impossible III had an underwhelming run at the box office, even though Tom was paid a rumored $80 million for the film. They cited his off-screen behavior as the result of ending the contract, after he made a now notorious appearance on The Oprah Winfrey Show and jumped on a sofa to explain his love for wife-to-be Katie Holmes.
The Mission: Impossible franchise has grossed more than $1.4 billion globally.
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